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China's gold consumption up 48.44% in first three quarters
Updated: October 30, 2021 14:02 Xinhua

BEIJING — Gold consumption in the Chinese market continued to rebound in the first nine months of 2021, led by a stable recovery of the domestic economy, industry data showed.

In the Jan-Sept period, China's gold consumption totaled 813.59 million tons, up 48.44 percent year-on-year, showed data released by the China Gold Association.

Consumption of gold jewelry soared 54.21 percent from a year earlier to 529.06 tons, while that of gold coins and bars saw a robust growth of 50.25 percent to 214.13 tons.

In the first nine months, gold consumption for industrial and other uses in the country grew by 12.66 percent year-on-year to 70.4 tons, the data showed.

During the same period, China produced 236.75 tons of gold, a drop of 26.18 tons from the same period last year.

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